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Oddsmakers favor Dylan for Nobel Prize

The winner of the 2011 Nobel Prize for Literature will be announced Thursday morning. And there is growing belief, at least among gamblers, that Hibbing's own Bob Dylan has a good shot to win the award this year.

Ladbrokes, the London-based gambling company, takes bets on the Nobel Prize. The odds that Dylan will win have dropped from 100 to one a few days ago, to five to one right now, making him the favorite.